GRC/IRM
GRC enablement is transformational. It is not only time and resource-consuming but also requires
a long commitment to navigate through the risk and compliance complexity for unlocking the benefits of GRC
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Third-Party Risk Management [TPRM]
Managing third-party risks is not only challenging but also time and resource consuming. It requires substantial investement of time to identify and mitigate third-party risks, most of which is spent on following-up with the third-parties.
With increasing trend of data breaches via third-parties, the criticality of managing third party risks has increased too and organizations are finding it challenging to scale their existing third-party program coverage due to -
- Limited resource availability
- Manual processes
- Limited budget
Shield Advantage
Our ‘Third-Party Risk Management’ as a Service is a unique managed service model that supports your growing third-party risk management needs. The model offers an opportunity to select from ala carte services required to meet the on-demand, short-term, and long-term risk management requirements.
Our Services provides you with
A flexible engagement model which allows you to the flexiblity to pick the options that suits you best. You can choose on-demand, fixed quantity, staff augmentation or a service model that is delivered in an onsite, remote, near shore or off-shore format.
Scalable Services where you can choose from services only or services & technology options to address your risk management needs across third-party lifecycle
Plug ‘n Play Model provides you with a ready to use assessment framework with a question bank mapped to regulatory frameworks and integrated with external tools for continuous monitoring
Our Approach
We provide a scalable and comprehensive list of services and solutions right from strategy to managed services to support your growing third-party risk management needs with an opportunity to select from ala carte services required to meet the on-demand, short-term, and long-term risk management requirements.
Strategy
Our fit-for-purpose approach provides you with
- Enhanced risk coverage over the lifecycle of your third-parties
- Near real-time risk monitoring of business-critical third-parties
- Tools to identify and prioritize your critical vendors
- Efficient resource allocation
- On-going monitoring and remediation based on risk prioritization
Consulting
Our flexible TPRM framework where you own the data is bolted on your existing program and GRC/TPRM tools implemented (such as RSA Archer, IBM Open Pages, Servicenow etc.) to manage third-party risks.
The following activities are performed as part of each phase of the third-party lifecycle:
Technology Enablement
To provide you with the best service experience, we have partnered with industry-leading third-party data providers like RiskRecon, RapidRatings, CyberGRX, BlackKite.
With our tool-agnostic approach, we enable you to get up and running with your TPRM program no matter if you are just starting out or have mature TPRM processes established.
We provide pre-built plug ‘n play TPRM solutions that you can leverage as is or as the first building block for automating your TPRM program lifecycle.
Managed Services
We provide tiered managed services to meet your individual needs that cover one or more of the following phases in a standard third-party assessment lifecycle:
- Third-Party Prioritization
- Pre-Assessment Support
- Assessment Reviews
- Findings & Recommendations
- Remediation Follow-up
- Continuous Monitoring
Articles
Data Sheets
Client Success Stories
Solution Demos
Articles
Data Sheets
Client Success Stories
Solution Demos
Our Partners
We have partnered with leading GRC/IRM vendors with cutting-edge technology to provide best-in-class services and solutions
to manage your risk and compliance program needs.
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